Archive for the ‘Biblical Economics & Money’ Category
Tuesday, February 16th, 2010
The following graph provides a stark reminder that the worst is ahead and not behind us: The sub-prime loans will wash out by December 21st, 2012. Just in time for the Mayan celebration. Continue the defensive posture necessary to weather the volatility ahead. Washington has no incentive ...
Posted in Biblical Economics & Money | Comments Off on Mortgage Crisis continues
Saturday, February 13th, 2010
There are $600 trillion worth of derivative contracts worldwide according to the Bank of International Settlements. In simple terms, derivatives are debt bets between two parties that are very hard to collect on. According to the Office of the Comptroller of the Currency, the nation's five largest commercial banks held ...
Posted in Biblical Economics & Money | Comments Off on Arrogance and Ignorance
Friday, February 12th, 2010
Credit Suisse issued a report identifying those countries it determined to have the highest risks of default on their sovereign debts. Number 16 on the list was the United States, based primarily on its 2009 budget deficits and government debt. In Scripture, 16 represents “Love”. Does this mean that the ...
Posted in Biblical Economics & Money | Comments Off on U.S. Ranked 16th on List
Thursday, February 11th, 2010
The world is moving to two global currencies: Gold and SDR’s. The value of SDR’s (Special Drawing Rights) is determined by a weighted basket of currencies and is accounted for by the International Monetary Fund (IMF). The U.S. Dollar is expected to become more of a regional currency like the ...
Posted in Biblical Economics & Money | Comments Off on Two Global Currencies
Monday, February 1st, 2010
Warning! This may be somewhat complex but it is important to understand the big picture: complexity and formulas exploit the masses. In the stock market as well as the commodities market, the current problem is that there are so-called technical analysis “experts”. These people are guided in their investment ...
Posted in Biblical Economics & Money | Comments Off on The Achilles Heal of Investing
Tuesday, January 26th, 2010
The title should tweak your interest, it did mine. I receive a few Christian monthly newsletters by mail. In recent years I must confess that many of them were not personally relevant to me but nonetheless I scan the newsletters for topics of interest. Last Thursday morning (early) I opened ...
Posted in Biblical Economics & Money | Comments Off on America’s Coming Super Depression
Sunday, January 24th, 2010
I wish that I could write only about pleasant topics but the marketplace demands our focus and it is not good news. Our Heavenly Father is orchestrating an interesting drama that will affect the lives of the entire globe. It looks like the tipping point is within 15 miles of ...
Posted in Biblical Economics & Money | Comments Off on Expect Violence
Wednesday, January 20th, 2010
Peak Oil was projected to occur in 2005 and as of today, that projection is holding true. Two thirds of the global population lives at or below the poverty level. All of the energy use has been focused on the privileged one-third. What about those people in the other category? ...
Posted in Biblical Economics & Money | Comments Off on Energy Update
Friday, January 15th, 2010
I expect gold to hit $1,600 per ounce on or before 1/11/11 and expect silver to hit $22. Oil should trade in the range of $40 to $100 range unless traders finally figure out the peak oil occurred in 2005 and move the price to “conservation” levels. Iran could ...
Posted in Biblical Economics & Money | Comments Off on 2010- Forecasting A Year of Volatility
Saturday, January 2nd, 2010
Management by Perception continues to assume the herd mentality will keep the wheels on the current financial system “wagon”. Statistics have been cooked to support the belief that all is okay and we should start spending again. The “too big to fail” banks have continued paying bonuses with taxpayer-based profits. ...
Posted in Biblical Economics & Money | Comments Off on Economic Revelation: Money talks